0
saving
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the formula for calculating the net income component percentage?
Net income is the income of a business after deducting taxes and other current liabilities. It is sales - Expenses.
List and describe four sources of state government revenue?
US State sources of income can be the following four types: 1. State income taxes; 2. Income from sales taxes; 3. Income from real estate taxes; and 4. Inheritance taxes.
Can a lender garnish your wages and income taxes after repossession?
IF they have a JUDGEMENT for the balance due, they can garnishee your wages. Income taxes?? NO
What is the current highest bracket for personal income taxes?
what is the probable result called when the government attempts to cover large deficits by creating more money
What are the main sources of state revenue?
sales taxesindividual income taxescorporate income taxes
Can you withhold taxes if you don't want them spent on current wars?
No, you cannot. Income tax is collectable even when you disagree with government policies.
What are the determinants of induced consumption in Keynesian model of a closed economy with a government sector?
Income and taxes
What is the difference between Income Tax and Provision of Income Tax?
Provision for income tax refers to the line item in the profit and loss statement. Income tax is a broad term and could mean current taxes (taxes actually payable to Government), Tax expenses/provision for tax- taxes reported in the P&L or deferred taxes (difference between current taxes and tax expense).
A decrease in net taxes will?
Raise aggregate expenditure by raising disposable income, thereby increasing consumption.
What does provision of income tax mean?
Estimation of the taxes for the current year
When taxes decrease what does consumption do?
When taxes decrease, consumption
Is taxes on the balance sheet or the income statement?
If taxes of current period then it will shown in profit and loss account, if taxes are still payable then it will be shown in balance sheet under current liabilities section.
What are commonly proposed alternatives to income tax?
proposed alternatives to the income tax include the value-added tax and national sales taxes, two taxes for which the tax base would be consumption rather than income. Another alternative is the flat tax
Can you file taxes on money you spent in jail?
Money that you spend in jail would not be reported on your income tax return.
What is the between disposable income and discretionary income?
Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
What is the different disposable income and discretionary income?
Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
How do you calculate private savings?
Private savings is disposable income minus consumption. It is usually defined as: = Y - T - C where Y: output, T: taxes and C: consumption
